Sunday, August 7, 2011
Carol Wilcox of Labour Land Campaign gets some good coverage
"She got interested in land reform when she read Mervyn King's book on British tax. There seemed to be a glaring omission in it: land value tax. Rather than taxing income so heavily, or seeing aspiration to ownership taxed in the form of stamp duty, why not impose an annual tax on the productive value of land per acre (excluding occupied homes in the lower council tax bands), and thereby address the most glaring inequity in the country? This might allow tenants of all kinds to finally own a little patch, leading to the eventual disbursement, at fair price, of some of the millions of acres currently held in a few thousand hands. And it would mean the 40% of prime property currently being sold to often absent foreign investors would not look quite so attractive."